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International Business Times
International Business Times
Business
Panos Mourdoukoutas Ph.D.

Oil Market In 2024: A Bullish Prediction

Oil had a smooth ride in 2003. The first part of the year traded in the $70.28-79.47 per barrel range, jumped to $89,19 in the second part and ended very close to where it began at $72.47.

That's a significant difference from 2022 when the black gold had a wild ride. It began the year at $82.72 per barrel, raced to $114 toward the middle and ended at $76.95.

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